The story of this market
The typical home in ZIP 87037 sells for about $299,200, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,246 a month.
ZIP 87037 — Nageezi
The housing market in 87037 remains stable, characterized by low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, reflecting the area's status as an affordable alternative to the Albuquerque core. Most figures are sourced from local market reports and census data; some specific metrics like active price-cut percentages are estimated based on regional trends.
This ZIP is ideal for families and commuters who prefer a quieter, rural-suburban lifestyle while maintaining access to the employment hubs of the Albuquerque metro area.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87037, Valencia County NM
Crime rates in the area are generally lower than the Albuquerque metropolitan average, with property crime being the primary concern for residents.
Schools serving the area are part of the Los Lunas Schools district, which generally maintains moderate performance ratings compared to state averages.
The area faces moderate risks related to wildfire and wind, typical of the high-desert environment in Valencia County.
Economic momentum is driven by its role as a bedroom community for Albuquerque, with limited commercial development within the ZIP itself.
Property taxes are assessed by Valencia County based on the property's taxable value, with rates influenced by local school district and county-wide levies.
Residents primarily commute via I-25 north toward Albuquerque, with typical drive times ranging from 30 to 45 minutes depending on traffic.
The area offers access to the Rio Grande Bosque for hiking and birdwatching, with local parks and proximity to golf courses in neighboring communities.
The rental market is characterized by low inventory and steady demand from residents seeking a suburban lifestyle outside the city core.
The local economy is largely service-oriented, with most residents employed in the broader Albuquerque metropolitan area.
Transportation is heavily reliant on personal vehicles, with I-25 serving as the primary artery for regional travel.
Development is primarily focused on low-density residential expansion with minimal large-scale commercial projects currently approved.
The Valencia County Assessor manages property valuations, typically reassessing based on market sales data and state-mandated cycles.
Parcels are subject to Los Lunas Schools district taxes and various county-level service district assessments.
Property insurance premiums are influenced by regional wildfire risk and the proximity to the Rio Grande flood plain.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Chaco Culture National Historical Park4.812.7 mi
- Pueblo Bonito4.812.8 mi
- Chaco Culture National Historical Park4.812.7 mi
- Pueblo Bonito4.812.8 mi
- Chaco Culture National Historical Park4.812.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive trails for hiking and wildlife viewing along the river.
Local community space for recreation and gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.